The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I don't think SFR will go for ADT Taylot. At most raise their investment, but I don't see that an ADT T/O will benefit SFR long term.
There are multitude of scenarios and possibilities. Of course some of them are dependent on KML locating copper but the early signs are promising.
1. SFR buy out KML 100%, MTR retain 2% NSR over the land package.
2. Third party buy out KML 100%. MTR retain 2% NSR over then land package.
3. SFR buy out CBE. MTR retain 49% of KML and 2% NSR over then land package. SFR do all the exploration zero capex to MTR.
4. Third party buy out CBE (my preferred option) MTR retain 49% of KML and 2% NSR over then land package. Two mid tiers are doing the heavy lifting zero capex to MTR but the explosion is on two fronts.
5. SFR and Khomecau join forces and list a Kalahari copper production company.
6. SFR try and take out Khomecau.
7. Major comes along and takes over SFR.
In the backdrop SFR are still drilling at Red Bore and looking at growth take overs - is Adriatic still out of reach? If they can extend the LoM at DeGrussa through another find I think KS will fancy his chances.
As part of my research one of my threats was could MTR be taken out with a low ball offer from SFR. I believe that would be difficult due to the strength in the share register, the contacts MTR BoD have and the fire power they have at their disposal. ATB.
Hydro first up - thanks for the flow of informed commentary on MTR which adds value to this BB. I have filtered out the manic de-rampers so now only read comments from the long term holders. I have no problem with you cheerleading for the pension maker possibility - if I didn’t feel the same I wouldn’t still be here.
My investment case is the same as yours - proven copper discoveries now in development, lots more promising exploration under way, a long term bull market for copper, NAV underpinned by the NSR and stake in SFR, shrewd investments by their trading team, and a well managed operation who appear to respect the interests of shareholders.
I nearly sold out 1 year ago, but decided to double down and trade the range between 20-30p as we go. I can’t see any single event on the immediate horizon which will shift the share price significantly, but can envisage a point down the road at which Sandfire buy MTR to consolidate their position in the area. Effectively a share buy back with added value for Sandfire. Anyone else see this as a possibility?
I’m not going to go back through, as some of my buys will make me feel queazy.. but the my original position was taken at 1p so that’s kept my average at an ok level.
Bonkers comments were based primarily on the technical side of things which from my observations with the smaller AIM companies they are never all that accurate.
Hydrogens “pension maker” comments are based more around known facts and anticipated future events, ie - T3/A4 size, grade and geology and then extrapolating those across the SFR land package and targets. These figures he has detailed several times and while there are clearly some assumptions made you cannot argue with the thesis not the potential mind boggling figures - hence the “pension maker” commment.
I understand the presentation at the Sprott symposium was very well received with Adam Woodridge doing the KML presentation. That KML geo team is impressive so I’m sure some eye brows have been raised, the important thing in these early stages of KML exploration is for them I hit the rocks they are expecting to prove their geological model.. by all accounts this is what is happening.
If our usual numpties wish to comment please don’t talk about paydirt or something else that is totally off topic and irrelevant. The KCB is going to be home to numerous mines and multiple copper resources in my opinion and MTRs exposure to them is second to none, tell me otherwise..
Patience of a saint indeed needed on this one. Just looked back through my broker account - my first MTR purchase was on 10.11.2017 - £10k worth @ 2.04p. Back in the days when Bonker was telling us this would be a pension maker. Now Hydro has taken over as the chief "pension maker" cheer leader. I have "range traded" MTR on highs and lows since then to reduce my average buy price - but it's still one of the largest holdings in my SIPP. So it's now been nearly 4 years and the share price has gained 20%. Not quite the promised land I was hoping for - and I suspect there are others on this BB who have been holding as long as me if not longer. But as the good book says (in Hebrews 11. 1)
"Now faith is the assurance of things hoped for, the conviction of things not seen"
Chestec, well played. I’m content with my buy, hold and add strategy. Potentially life changing rewards for those with the patience (of a saint ;-) )
Cash, sum of parts. Sum. Of. Parts. No surprise to me that from long list of positives and potential game changers you choose the one that can be portrayed in a negative light. The late great Terry Grammar (RIP) held some of the SAU tenements in very high regard… so who to listen to , geologist of the year or idiotic and anonymous bulletin board warrior who spends their evenings wiping dribble off the keyboard.
Thanks Taylot that’s a really useful summary. I sold a chunk of my MTR shares on the recent spike up to 30p, but bought some back again last week on the dip. Now it’s back to a “hold and wait” phase…
Dear Taylot .... How’s Are The Southern Gold Investments
Doing .... Facts Only !
Cobre:
51% of KML
18.5% of Armada
2.7m shares in MTR and sole owners of VHMS projects Perrinvale and Sandiman.
They do NOT hold any NSRs over the KCB.
Metal Tiger:
2% NSR capped at $2m on T3 mine
2% UNCAPPED NSR over the vast majority of SFR land holdings in Botswana - 8000km2 (district scale land package)
3.5% of SFR (40% of that in collar facility)
49% of KML
2% UNCAPPED NSR over all KML land holdings
21% of Cobre (post deal completion and approval)
19% of Southern gold
18.5% of Armada
Numerous other equity positions
Numerous warrants
Left field new project expected as per MM video.
Numpties on here will talk rubbish. Facts speak for themselves - MTR is materially undervalued on the sum of parts. Rick Rule agrees - https://hotcopper.com.au/threads/rick-rule-symposium-2021-preview-interview-michael-mcneilly.6161021/
I’m a wee bit confused now about the corporate relationship between MTR and Cobre and the assets that they hold individually and jointly. Can anyone on this BB explain how this now scopes out? I’d be grateful this.
My heart bleeds for our resident (and new ) Tigerbashers trying to get folk to part with their stock without much success.. A standard basher comment about Ponzi schemes from a 12 post newbie too shows real talent and a bright future with Goldman Sachs. Haven't seen any Enron comparisons yet though, but still time. How frustrating for you that the SP didn't fall that far! SFR Quarterly presentation tonight so maybe bashers should take note.
Agreed Phatbaz in the bin.
A big vote of confidence in the company Bigmj. I endorse your commitment.
Some very concerned short positions arriving on here LOL. Another filter to add on my list"
Companies statements below.
"The Company's target is to deliver a high return for shareholders by investing in significantly undervalued and/or high potential opportunities "
21/04/17 " Placing of 161,666,666 new ordinary shares in Metal Tiger at a placing price of 3p per ordinary share" (30p per share post consolidation)
26/07/21 "capital raising of A$5,000,000 (approximately £2.677m) (before costs), at a placing price of A$0.37 (approximately 20p)"
So 4 years and a commodities boom and MTR raise at 50%, still waiting to see the benefit of the ASX listing, and high return. Read the ASX notice for the cost of the raise, it didn't come cheap.
How can Cobre raised 6 million in April for drilling, and then spend 1 million buying shares? what happened to their Perrinvale prospect in Australia, the reason MTR subscribed to their IPO at 20 cents per share, now 16 cents.
MTR Buy Cobre shares, Cobre buy MTR shares, Ponzi scheme?
Mtr s Investment In Cobre ! Cobre Limited Equity Placing
Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to announce that it has subscribed for 8,311,765 new ordinary shares in ASX listed Cobre Limited (“Cobre”) at a price of AUD0.17 per share, for a total investment of approximately AUD1.413m, as part of Cobre’s AUD6.7m fundraise (the “Fundraise”) announced on 15 April 2021. This follow-on investment is subject to Cobre shareholder approval.
The funds raised by Cobre will be used primarily to finance exploration drilling activities for Kalahari Metals Limited (“KML”), the copper-silver exploration joint venture with Metal Tiger in the highly prospective Kalahari Copper Belt in Botswana.
Something Very Fishy Going On Imo
I took a pretty sizeable chunk of the placing, not sure which over Pis took some
Sophisticated investors And Existing Shareholders?
So Are Those Guys The Flippers ?
Where’s The Liquidity Coming From Then ?
Yours Is A Stuck In The Mud Scenario!
It Smacks Of Let’s Have A Whole Bunch Of Cheapies ,So We Can Flog Them Into The Market ! After All Its Supposed To Be The Liquidity ! Where’s The Liquidity If They Hold ?
https://www.asx.com.au/asxpdf/20210727/pdf/44ynrwpzr193t6.pdf